The price of NZDUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Supported by Downward sloping Moving Average
Target: 0.5925 Entry: 0.595 Stop: 0.5962
Approaching Support level of 51,235.00 identified at 11/4 05:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 51,235.00 within the next 15
This trade setup on LTCUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term.
Triangle pattern identified on NZDUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price